There are two parts to getting this part moving and they are:
1- Market conditions start moving and some new money willing to undertake more risk is available. When will this happen is anyone’s guess, as many believe that the TSXV is way oversold, yet we do not see any capitulation.
2- Revenue news, as this would be the turning point for Alda and moving it towards becoming a growth stock. Of course, the first step for that to happen is to start seeing the product on some brand name pharmaceutical chains.
I believe yesterday’s news was a surprise tiny news, but its still not the hand sanitizer news that many are awaiting for. Plus the news has no volume attached to it, so it can be 10,000 bottles and can be 100k.
The good news is that the Company has lots of cards to play, so surprise news may come at any point.
MMN